Amon Neequaye
Conventional vs Investor-Friendly Loans
6 September 2021 | 2 replies
Hey all,I'm just getting started with out-of-state real estate investing and I'm curious about which style of loan to look for.Do I stick to a conventional loan while I'm learning or go straight for the more "investor-friendly" loans such as "Fix to Rent", "Stable Bridge", "Multifamily Value Add". etc.I am focusing on small multifamily properties (2-4 units), but I am also taking a look at some single family properties as well.An additional question would be whether I speak with national lenders like BiggerPockets partner lenders or focus on lenders in the area I'd like to purchase (San Antonio).
Jeffrey Palma
I Can't Find any Duplexes
11 September 2021 | 3 replies
At this point, I don't know if I should continue looking or go for a conventional loan and buy a cheap SFH live there for a year, move out and rent it, but that would mean that I have to pay the mortgage for a whole year and that would prevent me from saving as much as possible for the next investment.Basically, my plan is to create a new source of additional income and I believe real estate is a good way to achieve that.
Amy Raye Rogers
My Lender is Great But Where Can I Find More Money Faster!?
9 September 2021 | 8 replies
An institution, whether you are using "conventional" or "portfolio" style of money should have better terms and MORE money for you than any private lenders.
Symone Gordon
Refinance: Simultaneous conventional and HELOC??
8 September 2021 | 5 replies
I’ve got to get this monthlY payment down to create more cash flow - I like the idea of a HELOC - My broker is suggesting I refinance to conventional and take out a HELOC Simultaneously -My goal is to decrease the original mortgage payment and use some of the equity to purchase another home.Any words of wisdom and experience are appreciated :)
Joel Patterson
BRRRR Process and buying a house that doesn't need rehab.
7 September 2021 | 8 replies
When you refi into a conventional loan you will still need 20% down.
Bryan Eugene Long
Heloc vs slow and steady
12 September 2021 | 8 replies
Then once you finish the rehab, you can do a rate and term refi (NOT CASH OUT REFI) the second you finish the rehab, no seasoning period.Get conventional rate and term refi done, lowest available rates.
Ricky Fell
Which loan is needed for house hacking?
7 September 2021 | 5 replies
If you’re residing in one space and renting out the other space, do you have to apply for an investment property loan or will a conventional loan work?
Chris Mullinax
Free resources for investors
7 September 2021 | 0 replies
In your opinion, what digital free resources (e-book, guides, reports, etc.) would a landlord appreciate from a service provider?
Robin Morales
Protecting Assets & Taxes
7 September 2021 | 2 replies
Non-owner occupied (aka I do not intend to live in the property) loans are typically 20% or more down conventional loans.FSBO?
Sean Magee
Purchasing property with liquid assets to income qualify
7 September 2021 | 1 reply
Do I use hard money then refinance out of it with a lower rate/conventional once I have all the tenets in the building?